The best price for short term investors 84.1 and 84.65 for targets 87.6, but suppose break and move value high 89.45... then 92-94 and more...!
NOTE: This is advanced research, investors should make own setup plan for entering into this stock.
Last Analysis, ATR is still in its own range. Stoploss was triggered at 11585 and lost 35-45 points lost.
Nifty can open gap up 45-60 points up.
Profit booking expected 11667-11689 by Fund-Managers
Short seller and short term down-trend direct will predict after...
Weekly charts are really amazing to predict the future movement as there is very less noise. Might go incorrect but feel some rejection towards upside and if appropriate price action shows up, maybe a correction can be seen.
Nifty tends to finally break and just flow in turbulence to finally feel resistance near the golden fib ratio, thus, its really important to identify it and predict what can happen next.
Given chart we can clearly see that SRTRANSFIN Took support exactly at 78.6 Fib level
If it trades below this we can see the 61.8 Fib levels in Near future within 2 days i think.
TARGET 1- 1192
TARGET 2- 1180
TARGET 3- 1160 FINAL TARGET
After a very good uptrend i think trend is changing now with this breakout on downside.
you can see this on chart clearly it broke out the trendline and also the head and shoulders pattern is also there.
my targets for this trades are
TARGET 1- 709
TARGET 2- 701
TARGET 3- 684
Nifty is making a clear head and shoulder pattern on weekly .
And also made shooting star candle on daily following a red candle of today you can short nifty at this level.
My targets for month end will be
TARGET 1 -10760
TARGET 2- 10580
TARGET 3- 10200